Glossary

Deutsch: Industrie / Español: Industria / Português: Indústria / Français: Industrie / Italiano: Industria /

Industry refers to the most detailed category available in NAICS to describe business activities. NAICS provides hundreds of separate industry categories, unique categories that reflect different methods used to produce goods and services.

Statistical agencies use industry categories to classify, collect, process, publish, and analyze business statistics. The census uses industry categories to customize census forms, combine information from establishments in the same industry, and publish census statistics.

Description

Industry refers to the production of goods or services within an economy. It involves the utilization of resources, such as labor, machinery, and technology, to transform raw materials into finished products. Industries can be classified into different sectors, including manufacturing, construction, and utilities. The growth of industries is essential for economic development and job creation. Industrial activities often involve heavy machinery, automation, and specialized processes to increase efficiency and productivity. The industrial sector plays a crucial role in driving innovation, driving technological advancements, and meeting consumer demands.

Application Areas

• Manufacturing
• Construction
• Energy production
• Transportation
• Telecommunications

Risks and Challenges

• Environmental impact
• Workplace safety hazards
• Economic fluctuations
• Global competition
• Supply chain disruptions

Examples

• Automobile industry
• Textile industry
• Steel industry
• Food processing industry
• Chemical industry

Similar Concepts and Terms

• Manufacturing
• Production
• Commerce
• Business sector
• Industrial sector

Weblinks

• industrie-lexikon.de: 'Industrie' in the industrie-lexikon.de (German)
• umweltdatenbank.de: 'Industrie' im Lexikon der umweltdatenbank.de (German)
• finanzen-lexikon.de: 'Industrie' in the finanzen-lexikon.de (German)
• wikipedia.org: 'Industry' in the wikipedia.org
• bremen-huchting.de: 'Industrie' in the bremen-huchting.de (German)
• allerwelt-lexikon.de: 'Industrie' in the allerwelt-lexikon.de (German)

Articles with 'Industry' in the title

• Agricultural Industry: Agricultural Industry: The agricultural industry in the industrial context encompasses a vast and diversified sector that is fundamental to the global economy, providing the primary means for food production, raw materials, and . . .
• Agriculture industry: Agriculture industry: The agriculture industry in the industrial context refers to the comprehensive sector that encompasses all activities related to the production, processing, and distribution of food, fiber, and other products derived . . .
• Automotive industry: Automotive industry: Automotive Industry refers to the sector of the economy that is involved in the design, development, manufacturing, marketing, and selling of motor vehicles
• Chemical industry: The Chemical industry involves the processing of, or change in, raw materials obtained by mining, and agriculture among other supply sources, into materials and substances that are useful on their own, or in other industries
• Cosmetic Industry: In the industrial and industry context, the Cosmetic Industry refers to the sector involved in the development, production, and marketing of beauty and personal care products
• Energy Industry: The Energy Industry in the industrial context encompasses the production, distribution, and consumption of energy in various forms. It is a critical sector that powers economies, industries, and daily life, involving a wide range of . . .
• Finance Industry: The Finance Industry in the industrial context encompasses the sector of the economy dedicated to managing money, including activities such as lending, borrowing, saving, investing, and forecasting
• Food industry: Food industry: The food industry in the industrial context encompasses the comprehensive sector involved in the production, processing, packaging, and distribution of food products from farm to table
• Food production industry: Food production industry: The food production industry in the industrial context encompasses the entire process of creating food products, from raw material acquisition to the processing, packaging, and distribution of finished goods to . . .
• Green industry: Green industry: In the industrial and industry context, green industry refers to a sector of the economy that aims to reduce environmental impact through sustainable and eco-friendly practices
• Healthcare Industry: Healthcare Industry: The healthcare industry in the industrial context encompasses a broad range of services, products, and technologies aimed at maintaining and improving health
• Industry 4.0: In the industrial and industry context, Industry 4.0 represents the fourth major revolution in manufacturing and industry. It signifies the integration of advanced digital technologies, including the Internet of Things (IoT), artificial . . .
• Mobile devices industry: Mobile devices industry: The mobile devices industry in the industrial context encompasses the development, manufacturing, and marketing of portable electronic devices that offer computing capabilities and connectivity
• North American Industry Classification System: The North American Industry Classification System (NAICS) refers to an industry classification system used by statistical agencies to facilitate the collection, tabulation, presentation, and analysis of data relating to establishments
• Pharmaceutical Industry: In the industrial and industry context, the Pharmaceutical Industry refers to the sector of the economy dedicated to the research, development, production, and marketing of drugs and medications
• Retail industry: Retail industry: The Retail Industry refers to the sector of the economy that sells goods and services directly to consumers. It encompasses a wide range of businesses, from small independent stores to large multinational chains, and . . .
• Smart home industry: Smart home industry: The Smart Home Industry refers to the sector focused on the development, manufacturing, and distribution of connected and intelligent devices designed to automate and enhance various aspects of home living
• Technology Industry: The Technology Industry in the industrial and industry context refers to a broad sector encompassing companies that design, manufacture, and sell electronics, software, computers, artificial intelligence (AI) systems, telecommunications . . .
• Textile Industry: The Textile Industry in the industrial and industry context refers to the sector involved in the production, processing, and distribution of fibers, yarns, and fabrics, as well as the manufacturing of clothing and other textile products
• The Lexicon for the International industries: The Lexicon for the International industries: The industry of every country depends on the development of the national economy, the law, the government and plenty of other conditions
• Transportation Industry: The Transportation Industry in the industrial and industry context refers to the sector involved in the movement of goods and people from one location to another

Summary

Industry encompasses various sectors involved in the production of goods or services through the utilization of resources and technology. It is crucial for economic growth, innovation, and job creation. Industries face risks and challenges such as environmental impact, workplace safety hazards, and global competition. Despite these challenges, industries play a vital role in driving progress and meeting consumer needs.

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